Stock picking is easy, right? You just buy the
good companies and don't buy the bad ones. Apparently strategist Tom Lee
disagrees. He pointed out on CNBC that the stocks hated the most by Wall Street
analysts are fairly consistently OUTperformers. So if I have this right, then
the bad companies are actually the good companies? So what does that make the
good companies? Before you go buying every bad company and selling every good
one, something fairly consistent in the stock market is that just when you think
you have a trend figured out, that pattern disappears. But you know what
strategy HAS consistently worked? Buying a portfolio of all kinds of stocks and
sticking with it for the long term.
- Larry Pike, CFA, Client Priority Financial
Advisors LLC
- www.clientpriority.com
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